WNS (Holdings) Limited (NYSE:WNS) Receives $60.33 Average PT from Analysts

Shares of WNS (Holdings) Limited (NYSE:WNS) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $60.33.

A number of equities analysts have recently commented on WNS shares. TD Cowen downgraded shares of WNS from a “buy” rating to a “hold” rating and cut their target price for the company from $64.00 to $53.00 in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft reduced their price objective on WNS from $55.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Barrington Research reiterated an “outperform” rating and issued a $70.00 target price on shares of WNS in a research note on Friday, October 18th. Needham & Company LLC reduced their price target on WNS from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of WNS from $60.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, September 6th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans acquired a new stake in shares of WNS in the 3rd quarter valued at about $61,726,000. Allspring Global Investments Holdings LLC lifted its holdings in WNS by 84.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 591,052 shares of the business services provider’s stock worth $31,030,000 after buying an additional 270,117 shares during the last quarter. State Street Corp grew its position in shares of WNS by 40.5% in the 3rd quarter. State Street Corp now owns 743,343 shares of the business services provider’s stock worth $39,182,000 after acquiring an additional 214,417 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of WNS by 11.9% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,777,557 shares of the business services provider’s stock valued at $93,322,000 after acquiring an additional 188,616 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of WNS by 478.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 154,725 shares of the business services provider’s stock valued at $8,123,000 after acquiring an additional 127,960 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors.

WNS Stock Performance

WNS stock opened at $49.65 on Friday. The stock has a fifty day moving average of $50.12 and a two-hundred day moving average of $53.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $2.37 billion and a price-to-earnings ratio of 19.10. WNS has a fifty-two week low of $39.85 and a fifty-two week high of $72.57.

WNS (NYSE:WNS) last released its earnings results on Thursday, October 17th. The business services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.78 by $0.21. The firm had revenue of $310.70 million during the quarter, compared to analyst estimates of $313.66 million. WNS had a return on equity of 22.76% and a net margin of 9.39%. On average, analysts anticipate that WNS will post 3.52 EPS for the current fiscal year.

WNS Company Profile

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through TSLU, MRHP, HCLS, and BFSI segments. It engages in diversified business, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure, utilities, shipping, and logistics; healthcare and life sciences; banking, financial services, and insurance; and Hi-tech and professional services, as well as procurement.